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Issued at a Discount and Redeemed at Par

Discount on i...

Question

Discount on issue of debentures is debited at the time of issue & then is charged to the ___

A

None of these

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B

Either Statement of profit & loss or Securities premium

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C

Securities premium

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D

Statement of profit & loss

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Solution

The correct option is B
Either Statement of profit & loss or Securities premium

Discount on issue of debentures is debited at the time of issue & then is charged to the either Statement of profit & loss or Securities premium.

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